Republic of the Philippines
Province of Negros Oriental
MUNICIPALITY OF BASAY
Statement of Financial Performance
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
Note 2024 2023
Revenue
Tax Revenue 12 ₱ 2,844,284.35 1,721,258.95
Share from Internal Revenue Collections 13 155,434,108.00 146,296,000.00
Service and Business Income 14 4,022,317.60 3,837,269.42
Shares, Grants and Donations 15 28,469,503.15 0.00
Total Revenue ₱ 190,770,213.10 ₱ 151,854,528.37
Less: Current Operating Expenses
Personnel Services 16 ₱ 72,100,126.49 ₱ 60,306,365.40
Maintenance and Other Operating Expenses 17 108,699,009.57 100,255,242.43
Non-cash Expenses 18 14,115,781.41 11,075,475.33
Financial Expenses 19 8,123,852.22 6,935,359.64
Current Operating Expenses ₱ 203,038,769.69 ₱ 178,572,442.80
Surplus (Deficit) from Current Operation ₱ (12,268,556.59) ₱ (26,717,914.43)
Add (Deduct):
Transfers, Assistance and Subsidy From 20 ₱ 48,414,361.45 ₱ 22,642,154.25
Transfers, Assistance and Subsidy To 21 (40,000.00) (4,147,423.16)
Surplus (Deficit) for the period ₱ 36,105,804.86 ₱ (8,223,183.34)
See accompanying Notes to Financial Statements.
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